THE STRAITS TRADING COMPANY LIMITED Company Briefs: The Straits Trading Company
PUBLISHED 4 HOURS AGO
THE STRAITS TRADING COMPANYNet profit at the Straits Trading Company climbed by 28.7 per cent to
$8.5 million in the second quarter, the group said yesterday.
The growth came in spite of a 27.2 per cent drop in revenue to $101.6 million in the three months to June 30, on the back of lower tin production and the absence of rental income from an Australian office property sold in November last year. Still, earnings were boosted by a higher share of results from associates and joint ventures, which reported a loss last year.
Earnings per share grew to 2.1 cents, from 1.6 cents previously while net asset value was $3.43 a share, against $3.34 as at Dec 31.
Net profit rose 4.4 per cent to $30.4 million for the half-year against a
16.1 per cent decline in revenue to $235 million.
The Straits Trading Company Limited published this content on 15 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 August 2017 03:07:03 UTC.
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